SAN JOSE, Calif., Sept. 19, 2006 (PRIMEZONE) -- Titanium Group, Ltd. (OTCBB:TTNUF), a leading biometric and security solution provider, today announced that its ProAccess FaceGuard facial recognition product has been successfully deployed for a worldwide sporting event, the 11th International Softball Federation Women's Fast Pitch World Championship, at the Beijing Feng-Tai Sports Center, one of the newly constructed sporting venues in Beijing for the upcoming 2008 Olympic Games. The sporting event was also regarded as a pilot test for intelligent security systems for the upcoming Olympic Games in China. The security system was basically a simulation of the eventual security system which could potentially be utilized during the upcoming Olympics. The deployment of the system was in full accordance with the security standards set forth. As a result, this successful deployment should provide Titanium a distinctive position for deploying its products in the upcoming Olympic Games according to Johnny Ng, Chairman of Titanium Group, Ltd.
Titanium was appointed to implement its state-of-the-art ProAccess FaceGuard system at the entrance of VIP boxes to authenticate all the entering guests during the Softball Championship games. In the event that an unauthorized person tried to enter the premises, Titanium's FaceGuard would alert the appropriate personnel in a prompt manner. The effective performance of Titanium's FaceGuard, which includes a high recognition rate, speedy response time and user friendly design, has successfully enhanced the security level of the aforementioned event.
"Continuing our strategy of being best-in-class market leaders, we are very enthusiastic to demonstrate to the organizers of the 2008 Olympic Games our technology which is a robust and integrated secure solution to their security and control needs for the entire security management systems. Our face recognition technology is proven effective and successful and is far superior over other biometric technologies, such as iris scan, fingerprint and hand geometry. Since face recognition is the least intrusive, it is extensively deployed and developed on the market for various security purposes," said Dr. Ng.
"This championship is not only a trial for the competition management of Olympic Games 2008, but also a trial on security control and monitoring," said a representative of the PRC Ministry of Public Security. "The ProAccess FaceGuard with the advanced biometric technology practically applied for this Championship should have the greatest chance to extensively be deployed as the effective access control and time and attendance system for the Olympic Games 2008 in order to have the highest degree of security."
About Titanium Group:
Titanium Group, Ltd. (http://www.titanium-tech.com), and its wholly owned subsidiary Titanium Technology, is a leading biometric and security solutions provider featuring its proprietary and patented automated Face Recognition Systems (AFRS). Titanium's AFRS products capture human face images electronically, input the facial images into searchable files (faceprint) and, in just seconds, accurately compare the facial images to a database containing millions of faces. These cutting-edge products reduce administration cost, enhance security, and significantly increase overall productivity. Titanium's products are distributed worldwide, either directly or through resellers or OEM partners, to governments, law enforcement agencies, gaming companies, and other organizations. The Company's clients include: ESPN, IBM and the People's Bank of China.
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Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Titanium Group, Ltd. (the "Company"), as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, including those in Management's Discussion and Analysis, are statements regarding the intent, belief or current expectations, estimates or projections of the Company, its Directors or its Officers about the Company and the industry in which it operates, and are based on assumptions made by management. Forward-looking statements include without limitation statements regarding: (a) the Company's strategies regarding growth and business expansion, including future acquisitions; (b) the Company's financing plans; (c) trends affecting the Company's financial condition or results of operations; (d) the Company's ability to continue to control costs and to meet its liquidity and other financing needs; (e) the declaration and payment of dividends; and (f) the Company's ability to respond to changes in customer demand and regulations. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.
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